AMD plunged 8.8% on Friday, closing at $534.06 and leading the S&P 500 lower. The funny thing is, it had jumped 5.9% on Thursday on news of Jensen Huang’s resignation, only to give all of that back—and then some—in a single day. That leaves it 3.4% below where it was before the resignation news broke. Broadcom fell 4.8% the same day, Marvell dropped nearly 5%, and Nvidia itself slid another 2%. The Philadelphia Semiconductor Index fell 3.4%. Put simply, the resignation drama fueled a purely sentiment-driven rally. Once people calmed down, it was clear that nothing had changed in the chip sector’s fundamentals—and those gains were always going to be given back. Next week, the first thing to watch is whether the stock can hold the key $500 level. If it can’t, this leadership-change rally will be well and truly over. I’ll keep following this chip-sector drama.

#美股 #AMD #ChipStocks
Not investment advice. DYOR